Nanovis generated $5.5 million during a funding round managed by Commenda Securities.
Here are three details:
1. The funds will go towards efforts to meet increased working capital and sales needs after seeing demands from surgeons and distributors for the nanotechnology-enhanced spinal implants.
2. Nanovis' FortiCore interbodies comprise porous, interconnected titanium scaffolds. The interbodies also feature a nanotube surface and are intermolded with a PEEK core.
3. Top investors included Elevate Ventures, 1st Source Capital Corp., Purdue's Foundry Investment Fund, Commenda Capital and Ellipsis Ventures.